13.03.2013 - India insurance giant to focus on ‘takaful’ to boost Mena growth
India’s General Insurance Corp (GIC Re), the 15th largest re-insurer in the world, is planning to convert its Dubai office into a subsidiary as part of strengthening the Middle East and North Africa (Mena) business from which it generated premium worth $385mn. The public sector re-insurance giant is also focusing more on life and Islamic ‘takaful’ in a big way to make its presence felt in the Mena region, P K Bhagat, general manager of GIC Re, said. “We might consider converting Dubai office into a subsidiary in the next few years as part of strengthening the operations in the Mena region,” he said...............................................Full Article: Source
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